amit@unlistedkraft.com
+91-9599071664
+91-9599071664
Kannur International Airport
DRHP Status : Not Filed
138
| P&L Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Revenue | 44.7 | 78 | 113 | 99 |
| Cost of Material Consumed | 45 | 46 | 56 | 64 |
| Gross Margins | -0.67 | 41.03 | 50.44 | 35.35 |
| Change in Inventory | 0 | 0 | 0 | 0 |
| Employee Benefit Expenses | 11.5 | 12 | 16 | 13 |
| Other Expenses | 14.4 | 6 | 15 | 12 |
| EBITDA | -26.2 | 14 | 26 | 10 |
| OPM | -58.61 | 17.95 | 23.01 | 10.1 |
| Other Income | 5.5 | 0 | 5 | 2 |
| Finance Cost | 89 | 94 | 105 | 117 |
| D&A | 68.6 | 69 | 69 | 70 |
| EBIT | -94.8 | -55 | -43 | -60 |
| EBIT Margins | -212.08 | -70.51 | -38.05 | -60.61 |
| PBT | -179 | -138 | -145 | -174 |
| PBT Margins | -400.45 | -176.92 | -128.32 | -175.76 |
| Tax | 5.6 | -13 | -19 | -5 |
| PAT | -184.6 | -125 | -126 | -169 |
| NPM | -412.98 | -160.26 | -111.5 | -170.71 |
| EPS | -13.8 | -9.34 | -9.42 | -12.63 |
Financial Ratios |
2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Operating Profit Margin | -58.61 | 17.95 | 23.01 | 10.1 |
| Net Profit Margin | -412.98 | -160.26 | -111.5 | -170.71 |
| Earning Per Share (Diluted) | -13.8 | -9.34 | -9.42 | -12.63 |
| Assets | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Fixed Assets | 1897 | 1832 | 1763 | 1695 |
| CWIP | 11.8 | 24 | 40 | 55 |
| Investments | 0 | 0 | 0 | 0 |
| Trade Receivables | 35.4 | 19 | 19 | 16 |
| Inventory | 0.3 | 1 | 1 | 0.6 |
| Other Assets | 161.5 | 145 | 163 | 137.4 |
| Total Assets | 2106 | 2021 | 1986 | 1904 |
| Liabilities | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Share Capital | 1338 | 1338 | 1338 | 1338.3 |
| FV | 100 | 100 | 100 | 100 |
| Reserves | -324.5 | -449 | -575 | -744 |
| Borrowings | 951.6 | 1036 | 1096 | 1166 |
| Trade Payables | 31.6 | 41 | 56 | 81 |
| Other Liabilities | 109.6 | 55 | 71 | 62.7 |
| Total Liabilities | 2106.3 | 2021 | 1986 | 1904 |
| Name | Holding |
|---|---|
| Government Of Kerala -(Only Promoter) | 39.23% |
| Bharat Petroleum Corporation Limited | 16.20% |
| Airports Authority Of India | 7.47% |
| M A Yusufali | 8.59% |
| Others | 28.51% |
Kannur International Airport Limited (KIAL) is an unlisted public company, promoted by the Government of Kerala, to build and operate an international airport in Kannur, primarily catering to the travel needs of NRIs, the business community, and tourists.
Strengths:
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Strategic Location and Market Potential: KIAL's location caters to a significant Non-Resident Indian (NRI) population, a vibrant business community, and a growing tourism sector. This positions the airport to benefit from increased passenger traffic and cargo operations.
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Government Backing and Public-Private Partnership: Promoted by the Government of Kerala, KIAL operates under a Public-Private Partnership model. This structure combines governmental support with private sector efficiency, potentially enhancing operational effectiveness.
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Modern Infrastructure and Expansion Plans: Since commencing operations in December 2018, KIAL has developed state-of-the-art infrastructure. Future expansion plans, including runway extensions and additional facilities, aim to increase capacity and service offerings.
Weaknesses:
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Financial Challenges: KIAL has experienced financial strain, evidenced by delays in salary payments and ongoing losses. These issues may impact the company's ability to fund operations and future expansions.
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Limited International Operations: The airport currently faces restrictions on international flight operations due to lacking 'point of call' status. This limitation affects its ability to attract foreign airlines and expand international connectivity.
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Liquidity and Price Volatility of Unlisted Shares: Investing in unlisted shares like KIAL's involves liquidity risks, as these shares are not traded on public stock exchanges. This can result in challenges when buying or selling shares and may lead to price volatility due to limited trading activity.
+91-9599071664
amit@unlistedkraft.com